Balbix, an AI-powered Cyber Risk and Exposure Management platform, unveiled its BIX conversational AI assistant, improving the cyber risk and exposure management experience.
The BIX AI assistant is already in use at many Fortune 1000 companies as part of an early access program.
BIX offers the following key capabilities:
- Personalization: BIX customizes its choice of words, detail level, recommendations, and interactions according to the user's role, preferences, and past conversations.
- Context Awareness: BIX integrates with a company’s cybersecurity, IT, and business systems and understands details about assets, apps, software versions, users, and their roles in the business, specific threats facing the organization, security measures, who's responsible for what, who works fast and who does not, acceptable risk levels, and target SLAs. By querying BIX, users can leverage this knowledge to help understand specific security risks and recommended mitigation tasks in context.
- Mobile Experience: BIX is available on your smartphone and provides answers when you need them, greatly improving situational awareness. BIX streamlines cybersecurity decision-making by eliminating the need to consult multiple widgets and dashboards across different tools, saving you hours or even days of gathering analytics.
- Recommendations: BIX acts like an executive assistant, guiding stakeholders by suggesting key questions to ask. This helps organizations move from a focus on threats to a more effective, risk-based approach to cybersecurity.
Under the hood, BIX utilizes RAG-based Large Language Models (LLMs) running on specialized NVIDIA hardware.
BIX's multi-agent architecture breaks down complex problems into discrete subtasks handled by specialized agents, often operating in different privacy domains. This enables BIX to offer a safe, accurate, and extensible approach to cybersecurity conversations and automate tasks previously considered beyond reach, according to the company.
Early users of BIX have seen a dramatic improvement in their overall cyber risk and exposure management experience. Understanding risk, making decisions, and risk response times have gone down from days and weeks to minutes. Combined with the rest of Balbix's capabilities, this has translated into sharply reduced risk and savings from productivity improvements, the company said.
"Cybersecurity is inherently complex, demanding not only extensive automation but also simplification and streamlined communication," said Gaurav Banga, founder and CEO of Balbix. "Until now, Balbix has used AI primarily for computational tasks in cyber risk management. We are pioneering its use to demystify the complexities of cyber risk for all stakeholders and enhance communication between them. This release of BIX is a step forward in managing risk and exposure more effectively. It marks a significant development in our ability to be proactive, rather than reactive, in our cybersecurity efforts."
For more information about this news, visit www.balbix.com.